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Illinois HB 4595: The Wrong Idea

Contact: Marguerite Seidel
(202) 828-7196

SPRINGFIELD, IL -- APRIL 27, 2018 -- The American Insurance Association issued the following statement in response to the Illinois General Assembly's passage of H.B. 4595, a bill that would create a state-sponsored workers' compensation insurance company: 

"Putting the state in the workers' compensation business is the wrong idea at the wrong time," said Steve Schneider, AIA's vice president for state affairs, midwest region. "This year, Illinois ranked dead last on U.S. News & World Report's list of the most fiscally stable states. Despite this ranking, some Illinois legislators continue to push bills, like H.B. 4595, that add undue stress to the state's business community. Illinois has the most competitive workers' compensation insurance marketplace in the country - 323 insurers currently compete for business across the state. There is simply no need for the government to enter the market."

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The American Insurance Association (AIA) is the trade association for today’s leaders in the property-casualty insurance industry.  Our members work each day to protect the American Dream, whether that’s a house, car, business or otherwise.  Now more than 150 years old, AIA has an unparalleled record of advocating on state, federal and international issues for insurers and their customers.

Our membership is comprised of more than 320 companies, collectively writing more than $125 billion in premiums each year.

We have the experience of a veteran organization coupled with the innovative ideas that drive our industry forward. AIA is leading the insurance industry into the second half of the 21st Century… today.


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Media Contacts

Maggie Seidel
VICE PRESIDENT, PUBLIC AFFAIRS
(202) 828-7196
mseidel@aiadc.org

Rachel Wallen
PUBLIC AFFAIRS MANAGER
(202) 828-7149
rwallen@aiadc.org

 

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